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Key Takeaways

This guide covers how to create a Binance account, complete identity verification, buy crypto, place your first trade, and secure your account.

To buy crypto on Binance, you first need to complete the Know Your Customer (KYC) identity verification process, then choose a payment method such as a card, bank transfer, or peer-to-peer transaction.

The Convert tool offers a simple interface for beginners, while the Spot trading interface provides more control over order types and pricing.

Protect your account by using a strong unique password, enabling Two-Factor Authentication, and setting up an anti-phishing code.

Introduction

A Binance account provides access to a range of cryptocurrency and blockchain services, from buying and trading digital assets to exploring Web3 applications. This guide walks through the main steps for getting started: creating an account, verifying your identity, purchasing crypto, placing a trade, and setting up basic security.

How to Create a Binance Account

Before you can buy your first bitcoin or BNB, you need to open an account.

Head to the Binance homepage and click [Sign Up].

Enter your email address or mobile number and choose a secure password.

Enter the 6-digit verification code sent to your email or phone and click [Next].

Create a strong password with at least 8 characters, including at least one number and one uppercase letter. Do not share it with anyone.

Once verified, your Binance account is set up and ready to use.

How to Buy Crypto on Binance

Before purchasing crypto, you need to complete the identity verification process, known as Know Your Customer (KYC). This process verifies your identity and allows Binance to meet its legal obligations. Once verified, you can buy crypto through the following methods:

Credit or debit card: The most straightforward option for new users.

Bank transfer: Deposit fiat currency from your bank account into your Fiat and Spot wallet, then use it on the exchange.

Binance P2P: Purchase crypto directly from other users through Binance's peer-to-peer marketplace.

Purchasing crypto with a credit or debit card

Click on the [Buy Crypto] tab from the top menu and select [Buy & Sell].

Select the fiat currency you are paying with and the crypto you want to buy. Click [Add New Card] to add your card details. Note: you can only use a card registered in your own name.

Review the order details, including conversion rates and fees (accessible via the [...] button), then click [Confirm] to complete payment.

Once the process is complete, your purchased crypto will be credited to your Binance Spot wallet.

How to Trade Crypto on Binance

Binance offers two main ways to trade: the Convert tool (recommended for beginners) and the Spot trading interface (for more control over order types and pricing). A limit order lets you set a specific target price, while a market order executes immediately at the current market price.

Using the Convert tool

Go to [Trade] and select [Convert & Block Trade].

Select the coin you’re exchanging in the top field and enter the amount. Select your target cryptocurrency or fiat currency in the bottom field. The default setting is [Instant], which gives you the current spot price.

Click [Preview Conversion] to review the trade details, then click [Convert] to confirm.

For a limit order, select [Limit] at the top menu, set your target price, and submit the order. The trade will execute when the market reaches that price.

Using the Spot trading interface

From the top menu, click [Trade] then [Spot].

The left panel shows the order book: red for sell orders (asks) and green for buy orders (bids). The center displays an interactive price chart for the selected trading pair. The bottom right panel lists market trades taking place in real time.

Below the chart, you can create buy and sell orders. If this is your first time, you will need to fund your Spot wallet first by clicking the [+] icon.

To buy BTC with USDT using a limit order: select [Limit], enter the amount and your target price, then click [Buy BTC]. Your order will appear at the bottom of the interface and fill when BTC reaches the price you set.

To sell BTC for USDT using a market order: select [Market], set the amount, and click [Sell BTC]. The order executes immediately at the best available price.

Using Binance P2P

Binance P2P allows buyers and sellers to trade directly with each other. Users can choose their preferred payment method and local currency, and all transactions are protected by Binance's escrow service, which holds the crypto until both parties confirm the trade is complete.

Using Binance P2P on the mobile app

Open the Binance app and tap the [Trade] tab.

Select [P2P Trading] from the options at the top right corner.

Choose your preferred currency and payment method, then browse available offers.

Follow the on-screen instructions to complete the transaction. Confirm all details and verify the counterparty before proceeding.

For a full walkthrough, see the dedicated Binance P2P Guide.

How to Secure Your Binance Account

Using strong credentials and Binance's built-in security features helps protect your funds. The following steps are recommended for all users.

Use a strong password

Your password should include a mix of uppercase and lowercase letters, numbers, and symbols. Avoid simple or reused passwords, and do not share it with anyone. Change it periodically, especially if you suspect any unauthorized access.

Enable Two-Factor Authentication (2FA)

Two-Factor Authentication (2FA) adds a second layer of verification at login. Even if your password is compromised, an attacker would still need access to your 2FA device to log in. Binance supports authenticator apps (such as Google Authenticator), SMS authentication, and passkeys, a newer standard that uses device biometrics (fingerprint or face) as a login credential. Passkeys were added to Binance in 2024 and provide phishing-resistant authentication without a separate code.

Enable the anti-phishing code

Adding an anti-phishing code to your Binance account means every legitimate email from Binance will display that code at the top. If an email arrives without it, it may not be genuine. This helps you identify phishing attempts that impersonate Binance communication.

For a more comprehensive overview of account security options, see Secure Your Binance Account in 7 Simple Steps.

Closing Thoughts

Creating an account, verifying your identity, and placing your first trade are the initial steps to working with crypto on Binance. The exchange offers a range of features beyond basic buying and selling, including copy trading, earning products, and access to Web3 tools. Binance Academy contains guides and articles covering trading tools, strategies, and crypto concepts for users at all levels.

Further Reading

Your Guide to Binance Spot Trading

What Is Binance P2P and How to Use It?

Crypto Copy Trading: A Game-Changer for Traders

Secure Your Binance Account in 7 Simple Steps

What Is Two-Factor Authentication (2FA)?

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